Bristol Myers EVP exercises 1,373 share units
Bristol Myers Squibb EVP and Chief Commercial Officer Adam Lenkowsky reported routine equity award activity involving market share units and common stock.
Rhea-AI Filing Summary
Bristol Myers Squibb EVP and Chief Commercial Officer Adam Lenkowsky reported routine equity award activity involving market share units and common stock. On May 1, 2026, he exercised 1,373 market share units into common stock and recorded related adjustments tied to performance factors.
The filing shows 599 common shares were withheld at $58.22 per share to cover taxes upon vesting, which is not an open-market sale. An additional 203 shares were moved in an "other" transaction. Following these changes, he directly holds 19,706 common shares, plus indirect holdings through a spouse and a BMS savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,373 shares exercised/converted
Exercise
6 txns
Insider
Lenkowsky Adam
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Share Units | 1,373 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.10 par value | 1,373 | $0.00 | $0.00 |
| Other | Common Stock, $0.10 par value | 203 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.10 par value | 599 | $58.22 | $35K |
| holding | Common Stock, $0.10 par value | -- | -- | -- |
| holding | Common Stock, $0.10 par value | -- | -- | -- |
Holdings After Transaction:
Market Share Units — 1,375 contracts (Direct);
Common Stock, $0.10 par value — 19,706 shares (Direct);
Common Stock, $0.10 par value — 5,978.223 shares (Indirect, BMS Savings and Investment Program);
Common Stock, $0.10 par value — 2,993.491 shares (Indirect, By Spouse)
Footnotes (5)
- F1. Represents vesting of one-quarter of market share units granted on May 1, 2023.
- F2. Represents a downward adjustment to the number of shares acquired upon the vesting of market share units due to the performance factor.
- F3. Shares withheld for payment of taxes upon vesting of awards.
- F4. Based on recent 401(k) plan statement.
- F5. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 80% and the maximum payout factor is 225%.
Key Figures
Market share units exercised: 1,373 units
Shares withheld for taxes: 599 shares at $58.22
Direct common shares after transactions: 20,508 shares
+5 more
8 metrics
Market share units exercised
1,373 units
Exercised into common stock on May 1, 2026
Shares withheld for taxes
599 shares at $58.22
Tax withholding upon vesting of awards
Direct common shares after transactions
20,508 shares
Direct ownership following May 1, 2026 events
Spouse indirect holdings
2,993.491 shares
Indirect ownership by spouse after transactions
Savings plan indirect holdings
5,978.223 shares
BMS Savings and Investment Program balance
Minimum payout factor
80%
Lower limit for market share unit payout
Maximum payout factor
225%
Upper limit for market share unit payout
Remaining market share units
1,375 units
Market share unit balance after exercise
Key Terms
market share units, tax-withholding disposition, BMS Savings and Investment Program, payout factor, +1 more
5 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
BMS Savings and Investment Program financial
"nature_of_ownership: BMS Savings and Investment Program"
payout factor financial
"The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days"
performance factor financial
"downward adjustment to the number of shares acquired upon the vesting of market share units due to the performance factor."
FAQ
What did BMY executive Adam Lenkowsky report in this Form 4 filing?
Adam Lenkowsky reported routine equity award activity, including vesting and exercise of market share units into common stock. The filing shows tax-related share withholding and an internal share adjustment, rather than open-market buying or selling, with updated direct and indirect share holdings.
What does the tax withholding transaction mean in this BMY Form 4?
The tax withholding transaction reflects 599 shares used to satisfy tax obligations when awards vested. This is described as payment of tax liability by delivering securities, so it is a mechanistic disposition rather than a voluntary open-market sale decision by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
